Arizona State AutoTitle Loan Regulation
States that permit car-title lending as of December 2012
Right to Cure:
Motor Vehicle Time Sales Disclosure Act (Ariz. Stat. 44-281 et seq.)
17%/mon. $500 or less; 15% per mon. $501-$2,500; 13%/mon. $2,501-$5,000; 10%/mon. more than $5,000
Late fee up to 5% of unpaid balance of installment if not paid in full on tenth day after due date
May extend payments, defer payment(s), renew unpaid balance or restate the unpaid balance.
Lender gets deficiency balance, borrower gets surplus.